technologyplus.pk
Technologyplus.pk is an emerging tech, business, startup, general news website.

Global Rice Prices Drop as India Resumes Exports, Easing Supply Shortages

0 16
Global Rice Prices Drop as India Resumes Exports, Easing Supply Shortages

Global rice prices fell on Monday after India, the world’s top rice exporter, resumed exports of non-basmati white rice. The move came after India reduced export duty on parboiled rice to 10%, boosting supply and allowing poorer Asian and African countries to secure more affordable rice. The decision, driven by expectations of a new crop and higher inventories, is providing relief to global markets.

Related Posts
1 of 204

Rice suppliers from Thailand, Vietnam, and Pakistan have responded by lowering their prices to remain competitive. Global rice prices had surged to a 15-year high following India’s earlier export restrictions on white rice and the imposition of a 20% duty on parboiled rice, but this latest move is expected to stabilize the market.

Comments
Loading...